China

Chinese State Broadcaster says Chinese military drills are punishment for Taiwan

Shenzhen Stock Exchange suspends trading of China's ultra-long special treasury bonds

• After a sharp price drop

Chinese People's Liberation Army (PLA) started joint military drills surrounding Taiwan

• A greeting for the new Taiwanese leader

PBOC sets USD/ CNY reference rate for today at 7.1098 (vs. estimate at 7.2451)

• PBOC CNY reference rate setting for the trading session ahead. 7.1098 is the weakest (for CNY) since January)

UK’s Secretary of Defence Shapps says British intelligence now has evidence of China lying

• Re China supplying weapons to Russia. Does this surprise anyone?

PBOC is expected to set the USD/CNY reference rate at 7.2451 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

3 reasons Nomura remain bearish and short on the Chinese yuan

• The jump in positive sentiment on China is not enough for the CNY or CNH

Trading in China's first batch of ultra-long bonds suspended due to 13% price jump

• These are trading on the Shanghai Stock Exchange

UK expect doing business in China to become harder over the next five years

• British Chamber of Commerce in China says China's 48 measures to restore confidence fall short

PBOC sets USD/ CNY mid-point today at 7.1077 (vs. estimate at 7.2376)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2376 – Reuters estimate

• The rate will be around 7.10 as the PBOC continues to support the yuan

ICYMI - China considers slapping higher tariffs on some imported cars

• The Global Times (Chinese tabloid) cites a 'Chinese auto industry insider'

China State Planner says 50 fixed-asset investment projects worth 320bn yuan approved YTD

• 50 fixed-asset investment projects worth 320bn yuan approved from January to April

PBOC sets USD/ CNY reference rate for today at 7.1069 (vs. estimate at 7.2366)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2366 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.